The 6 Big Farm and Equipment Manufacturing Corps, with Pretax Income of at least $100 mil each in the quarter, reported Total Pretax Income growth of a superlative 44% in the most recent 3Q 2011.
And just check out the most recent 7 quarter Pretax Income (PTI) trend in total for these 6 Corps.
Year 2010 PTI…..$9.8 bil…vs…Year 2009 PTI…$3.6 bil…up 171%
1Q 2011 PTI……….$3.5 bil….vs….1Q 2010 PTI….$1.3 bil…up 173%
2Q 2011 PTI……….$4.2 bil….vs….2Q 2010 PTI….$2.8 bil….up 50%
3Q 2011 PTI……….$4.0 bil….vs….3Q 2010 PTI….$2.8 bil….up 44%
The only reason the earnings growth is only 44% in the most recent 3Q 2011 is because the base earnings has grown so dramatically in the previous 6 quarters. Just think about it, the Total Pretax Income in just the most recent 3Q 2011 is 11% higher than the total earnings in the entire year of 2009.
The CEOs, Board of Directors, Executives, all Employees, and the Stockholders of all of these Big Farm Manufacturing Corps have to be very pleased with how the Obama Administration has helped their companies prosper.
Below here are the Pretax Incomes (PTI) of these 6 Big Farm and Construction Manufacturing Corps in the 3Q 2011, along with a comparison with the prior year’s 3Q of 2010:
.............................................3Q.........3Q............
...........................................2011......2010.....Increase...
............................................PTI........PTI.....Amount....%
...........................................(in millions of dollars).........
Caterpillar 1,634 1,103 531 48%
Deere 1,079 922 157 17%
Cummins 629 438 191 44%
CNH Global NV 358 97 261 269%
Joy Global 230 168 62 37%
AGCO 104 65 39 60%
Total all 6 4,034 2,793 1,241 44%
